Prequel


Posted originally on CTH on May 20, 2025 | Sundance 

In order to understand where we are today, we must understand our journey by remembering its origin.

Context is needed in order to truly appreciate events soon upon us.  A Big Hat Tip to Daniel Bocic Martinez who provides one of the most succinct encapsulations of the Hillary Clinton -vs- Barack Obama dynamic.

“Hillary Clinton didn’t trust Barack Obama because he was supposed to have waited his turn.

When the Bill Clinton presidential team in 2000 burrowed into the DNC, and installed HRC into the NY Senate seat, through heavy influence in primary machine politics, the Clintons were the happiest Dems in the country when W squeaked by Gore, leaving them in full control of the DNC money laundering operation for the duration of the W years.

“8 years of Bill, then 8 years of Hill,” was all going according to plan, with Hollywood planting Hillary as President “Easter eggs” throughout media of the 1990’s.

The 2008 primary was the culmination of their plan started decades earlier.

Obama’s 2004 DNC Speech and his Jefferson-Jackson speech were to place him as the heir apparent, but their lock over the DNC (and the superdelegates) was fait accompli.

Even Obama running a near flawless campaign wouldn’t have been enough on its own.

The factors that pushed him over the top, and that were outside his control, were 1) Hillary ran an abysmal campaign, due in large part to her abysmal interpersonal skills and genuine dislike of most human beings; and 2) then patriarch of the Kennedy political dynasty, Ted (whose always loathed the Clintons), pounced on the chink in HRC’s inevitability armor highlighted by her loss in Iowa (where she was outhustled in all 99 counties), and literally embraced Obama in New Hampshire shortly before the primary voting, and crowned Obama as heir apparent of what remained of the political capital once described as Camelot.

The superdelegate tsunami was stopped in its tracks and the rest is history.

With an embittered Hillary not ready to abandon decades of planning and ride off into the sunset, she first hoped McCain would somehow best Obama and then moved to burrow into his administration to maintain some level of control/access to the DNC money laundering operation her crime family ruled over for the better part of two decades.

Obama knew she would be disloyal outside of the administration, even worse in the Senate, spending each moment plotting a 2012 primary challenge (same reason she could never have been VP, she would have poisoned him if given the slot).

So, he made the Faustian bargain that would one day destroy his legacy and place in History and made her the one offer he knew she could not refuse, Secretary of State.

Out of sight, out of mind. He always cared more about his domestic agenda than foreign policy, and if she’s too busy selling political indulgences around the world, she’d put off 2012 primary ambitions and keep her eye on 2016.

Obama’s only obligation was to ensure that he did his part and ensure that his VP choose not to stand for President in 2016, which Biden dutifully complied with. HRC’s remaining embeds at the DNC then did their part in the 2016 primary and ensured the “mistake” of 2008 (heavily contested primary and near-infinite debates) was rectified.

The DNC went on to implement the “pied piper” strategy boosting Donald Trump in the early GOP primary, while being caught completely off guard as previously unknown Vermont Senate gadfly rallied the near plurality of Democrat primary voters who found her character and lack of authenticity repellant.

As the frailty of her campaign become apparent to threats from both Trump on the right and Bernie on the left, Hillary’s embeds in the administration at FBI/DOJ put their insurance plan into effect.

The FBI opened investigations into both [political] threads. For Bernie, the investigation targeted his wife and allegations of fraud surrounding a real estate transaction at her non-profit. For Trump, it was Crossfire Hurricane.

Neither was Obama’s operation by design but nonetheless happened under his watch and with the enthusiastic support of then VP Biden.

Once Trump finishes putting Chapter 9 of Art of the Deal into practice, it will be Obama’s lasting legacy.”

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One in Four Americans Financially Illiterate


Posted originally on May 16, 2025 by Martin Armstrong 

Student Loans

Financial literacy is steadily declining in America. The percentage of US adults demonstrating a very low level of financial literacy increased from 20% in 2017 to 25% in 2023.

Around 58% of Americans know about debt and borrowing. Over half (55%) understand saving, and 50% understand consumption. About 42% understand insurance, 44% know about investing, and only 35% know about risk comprehension.

Financial literacy is declining with every generation. Around 53% of the Silent Generation understood finance, followed by 52% of Boomers, 50% of Gen, 45% of Millennials, and 38% of Gen Z. Around 74% of teens admitted that they do not feel confident in their personal finance knowledge, but the good news is that that 73% would like to learn.

There is a drastic difference in knowledge across socio-economic classes, as 75% of American teens are learning about personal finance through their family, with 52% learning a bit at school. An alarming 88% of Americans reported that high school public education did not prepare them for managing their finances. Interestingly, 48% said that they learned about personal finance through social media, which may not be the best reference.

Around 62% of teens said that they learned about savings, 50% were taught about earning, and 44% had some prior information on banking. Only 23% of teens in the US know how to make a budget, but 42% said they were taught how to do so.

This is why we see such a significant difference in financial literacy across socio-economic classes. Only 28% of people earning under $25,000 understand personal finance. That figure rises to 38% for those earning between $25,000 and $49,000, rising once more to 47% for those earning between $50,000 and $99,000. Over 58% of those earning six figures understand personal finance.

The National Financial Educators Council believes that financial illiteracy cost the American public $388 billion in 2023. Americans are facing a private debt crisis. Credit card and household debt have reached record highs and continue to rise. The majority of American households have insufficient emergency savings. The same survey found that 74% of Americans believe they would have made fewer money mistakes if they were properly educated on the subject matter in high school, and 80% believe they would have been more successful if they had that knowledge earlier in life. Politicians believe we should implement countless social programs and simply pay people to exist. America should focus on educating future generations on personal finance as it is perhaps one of the most essential life skills.

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